The basement has consistently been linked to the first floor, which features an extra bathroom, a living room, and a spacious office.

Lived in the upstairs unit for 3 years until I got married and bought a house What made you interested in investing in this type of deal?

Purchase price: $150,000 Cash invested: $100,000 I have rented this for 4 years now I am renovating it for an Airbnb now once on airbnb it will do 10-20K a month What made you interested in investing in this type of deal?

He wants to help me out and walk me through this process and give me a good property.

The 50% rule is not perfectly accurate, but if your underwriting differs significantly from the 50% rule (which it does in this case), be sure you can justify the discrepancy.  

No and you need to put this on hold and research the condo nuke that's about to hit Florida in the form of new legislation that no longer allows condo boards to defer necessary repairs. 

Like many real estate projects, we expect her to bring:- Joy- Wonder- Tears- Unexpected Costs- Anxiety- FulfillmentExcited to embark on this ultimate life project and grateful for all the support as we “build” our family!

This is not tax advice, only what I do.

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This is what causes people to not call ever and to have friends fix stuff the wrong way.If they want something checked out and then it turns out to be fine, maybe then a service call would be warranted, but not every time especially when they are service issues that are on you.$250 a call for someone is insane.